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A-6.001, r. 9 - Regulation respecting savings products
Section 23
Disposition versions
23. Participation in the book based system may be cancelled by Épargne Placements Québec if the amount payable to purchase the first security has not been received and credited to the Government’s account, or more than one year has elapsed without any savings product being entered in a participant’s securities portfolio.
Participation in the book based system may also be cancelled if no transaction has been made in the participant’s security portfolio for a period of at least 2 years and the total balance of all accounts is less than $10. The balance is then refunded to the participant.
Participation in the book based system also ends if the value of a participant’s security portfolio is remitted to the Minister of Revenue pursuant to the provisions of the Unclaimed Property Act (chapter B-5.1).
